Investing in a ready-mix concrete plantproject in Saudi Arabia represents an investment opportunity during 2022, especially in light of the Kingdom of Saudi Arabia’s 2030 vision to advance the national economy, strengthen the components of the non-oil economy, and seek to occupy a distinguished position among global economies.
What is a ready-mix concrete plant?
The ready-mix concrete factoryprovides glass fiber reinforced concrete, which is characterized by its strength, ease of formation compared to other materials, and its ability to withstand moisture and weathering. Ready-mixed concrete is used in decorative works, and with the external facades of buildings, and sometimes used with interior walls to add a touch of architectural decoration. Available in different sizes, it is a material that has the same specifications as concrete but with lighter loads.
In 2020, the volume of Global Ready Mixed Concrete Market around $735.9 billion, and is expected to grow Global Ready Mixed Concrete Market from US$792.2 billion in 2021 to reach US$1,374.2 billion by 2028. Global Ready Mixed Concrete Market has achieved a CAGR of 8.2% during the forecast period.
Mashroo3k Consulting confirms that establishing a ready-mix concrete factory in Saudi Arabia presents a highly successful investment opportunity, particularly given the massive expansion in the construction sector.
According to available data, construction permits in the Kingdom increased at an annual average rate of 11.2% between 2015 and 2021, reflecting the strong demand for construction materials, including ready-mix concrete.
For more details on the latest economic indicators, investment opportunities in Saudi Arabia, and key funding sources for successful projects, you can contact the Investor Support Team at Mashroo3k Consulting.
